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  1. 45 points
    It has been a long time since I wanted to write this post, but there are just so many ideas in my head I always felt overwhelmed with doing it. So bear with me it is going to be a tad technical and a rather long post. To those who have studied international trade or logistics it will be piece of cake. TL;DR: Skip to the back-office section way down this post. When I discovered Ripple business plan, it did not take me long to think about the amazing opportunities it offers with the Forex market. We know Ripple wants to tackle the Forex market and is already penetrating it. The daily FX, despite its recent slowdown, is estimated to have a 5 Trillion daily volume (Source: BIS). When we think about the FX market, what do we picture ? A bunch of dudes in suits ? Red and green numbers ? Yeah me too But who really uses the FX market ? Banks The greatest volume of currency is traded in the interbank market. This is where banks of all sizes trade currency with each other and through electronic networks. Central banks Central banks, which represent their nation's government, are extremely important players in the forex market. A central bank is responsible for fixing the price of its native currency on forex. This is the exchange rate regime by which its currency will trade in the open market. Exchange rate regimes are divided into floating, fixed and pegged types. Investment Managers and Hedge Funds Portfolio managers, pooled funds and hedge funds make up the second-biggest collection of players in the forex market next to banks and central banks. Investment managers trade currencies for large accounts such as pension funds, foundations, and endowments. Individual Investors The volume of forex trades made by retail investors is extremely low compared to financial institutions and companies. However, it is growing rapidly in popularity. But there is one actor I would like to give a particular attention in this post: Corporations Firms that are involved in importing and exporting conduct FX transactions to pay for goods or services. Much freight transport is done by ships. An individual nation's fleet and the people that crew it are referred to as its merchant navy or merchant marine. Merchant shipping is the lifeblood of the world economy, carrying 90% of international trade with over 100,000 commercial ships worldwide. On rivers and canals, barges are often used to carry bulk cargo. Shipping formulas Depending on the stuffing and unloading operations, the container will be: FCL start - FCL finish: From sender A to recipient A; FCL-LCL : sender A then unbundling on arrival to different recipients; LCL-FCL: grouping initially to a recipient; LCL-LCL: initial grouping and unbundling on arrival. FCL: Full Container Load LCL: Less Than a Container Load Many firms send large amounts of products at once, or send multi-million-worth products by ship. The associated risk is huge and therefore that is why the Incoterms exist. To further enhance the feasibility of such trades, firms which send expensive or massive products from one part of the world to another can decide to use a Letter of Credit (LC). A letter of credit, also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter, where it assumes the credit risk of the buyer paying the seller for goods. Here is a very simplified diagram of the LC process: Now we are getting to the interesting stuff. What does it mean for us? The reason why I created this topic is: Forex exchange risk Companies trade forex to hedge the risk associated with foreign currency translations. Foreign exchange risk (FX risk) is a financial risk that exists when a financial transaction is denominated in a currency other than that of the base currency of the company. The exchange risk arises when there is a risk of appreciation of the base currency in relation to the denominated currency or depreciation of the denominated currency in relation to the base currency. The risk is that there may be an adverse movement in the exchange rate of the denomination currency in relation to the base currency before the date when the transaction is completed. Let's take an example: You are a French wine exporter (yes French, it's me who decide here ) and you concluded a contract with a US customer on March 1st of 2019. The deal is processed for an amount of $ 50,000 with a payment term of 3 months. As of March 1st, the exchange rate between the dollar and the euro is $ 1 = 1.5 € On June 1st, the exchange rate has changed; it is now $ 1 = 1.0 € The claim of the French exporter thus goes from 75.000 € to 50.000 €: the miss to gain is thus of 25.000 € So how to protect yourself from the FX risk? Many opportunities are available to protect you against foreign exchange risk. You can indeed: Bill in your national currency and therefore transfer the risk to the other contracting party. This solution is the simplest for a company. However, firms should be particularly aware of the impact this choice may have on the competitiveness of their products / services: a competitor who agrees to invoice in the buyer's currency may be more attractive to the foreign buyer. Insure against this risk to a greater or lesser degree depending on the arbitration you have to exercise between security (minimum or no risk of exchange that you agree to take) and the profitability of the operation (impacted by the cost the coverage you will have to pay). Take advantage of the various hedging instruments offered by the banks: Advance in export currency: this technique allows you to eliminate the foreign exchange risk (for a transaction actually paid at maturity) while financing the payment period granted to your buyer. The sale of forward currencies: you can establish in advance with your bank the price at which you will sell the currencies you receive in settlement. Currency risk is fully hedged provided that the timing coincides with the settlement. The forward exchange with profit-sharing: allows you to partially benefit at the end of a possible favorable evolution of the currency used, while guaranteeing you a minimum price. oThe exchange option: a hedging method that gives you the greatest flexibility to benefit from the favorable evolution of the currency rate. The last part is the most interesting for us as it is the solution the most widely adopted and it involves a lot of FX transactions. The forward exchange (futures) The forward exchange is an exchange of 2 currencies on a date (the value date) and a traded price (futures). This type of contract makes it possible to fix in advance a price between 2 currencies, and thus to hedge against the FX risk. The characteristics of a forward exchange transaction are defined in relation to a spot price (the price used for the spot exchange) for the day's transactions. The difference between spot and forward is called "term points". When the futures price is higher than the cash price, it is called "report". When the futures price is lower than the cash price, it is called "offset". But how is the futures price determined? Calculation of the forward rate (you can skip this to the Back-Office part if you want) Futures prices are not quoted as such in the market. For each currency, however, we know the rates of loans / borrowings on different maturities. These are the rates that will be used to calculate futures prices. From the point of view of the trader who quotes the transaction, the forward exchange amounts to combining 3 transactions: A "spot" exchange in the same sense as the futures transaction A loan of the currency purchased over the same term as the futures transaction (the loan repayment flow, a cash flow, coincides with the forward purchase) A loan of the currency sold (the repayment flow coinciding with the forward sale). The following graph illustrates the reasoning in the case of a forward purchase of the currency D1 against D2. Beware the dotted flows are fictitious and are only there to support the reasoning, only the flows at Value Date are real. Let's suppose the trader who is quoting the transaction is working on the following prices: Spot price D1 / D2: S12 / S21 (which means that the trader buys at S12 and sells at S21) D1 rate: t1e / t1p (which means that the trader lends the currency D1, over the period considered, to t1p, and borrows from t1e) D2 rate: t2e / t2p And that he must quote a forward purchase of an amount M1 of currency D1. In order for the repayment of the notional loan of the currency D1 to correspond to this amount, he would have to lend today the amount M'1 such that: M 1 = M'1 + M'1 * t1p * N / 36000 = M'1 (1 + t1p * N / 36000) Where N is the loan term, in number of days. Similarly, the amount M2 paid in the future corresponds to an amount borrowed today M'2 such as: M2 = M'2 + M'2 * t2e * N / 36000 = M'2 (1 + t2e * N / 36000) and the term course sought is such that: T12 = M1 / M2 = (M'1 (1 + t1p * N / 36000)) / (M'2 (1 + t2e * N / 36000)) We know that the spot price S12 is such that: S12 = M'1 / M'2 So !! T12 = S12 (1 + t2e * N / 36000) / (1 + t1p * N / 36000) Or S12 is the price of the spot purchase t2e is the rate of borrowing the currency price t1p is the loan rate of the negotiated currency And conversely for a forward sale: T21 = S21 (1 + t2p * N / 36000) / (1 + t1e * N / 36000) Or S21 is the spot sale price t2p is the loan rate of the currency price t1e is the borrowing rate of the negotiated currency It's a bit complicated but once you enter the formula in an Excel sheet you do not think about it anymore! This means that the futures price, contrary to what one might think, is not an anticipation of what the spot price will be in the future. However, it is based on an evaluation of the value of currencies, via market rates. And finally we get to the juicy stuff. What is happening in back office ? The Back - Office system has the function of materializing the trades negotiated by the trader: Vis-à-vis counterparties: Emissions confirmation: currency exchange transactions are confirmed by SWIFT MT300 messages. Issuing payments: generation of a payment order (MT202) for the correspondent in the paid currency, a notice of entry of funds (MT210) for the correspondent in the currency received. If the counterparty is internal (customer, deal between 2 desks), the payments are made via accounting (debit / credit account). The chart below illustrates the flow of information between 2 banks and their correspondents in the event that Bank A sells Currency 1 against Currency 2 to Bank B: It is literally a maze of flows of information and payments. Why did I create this topic ? To enlighten all the flows of information and payments banks have to deal with when the FX is involved, and most particularly in the event a B2B relation (International trades). Ripple's solutions (messaging + xRapid) hopefully will help circumvent the issues we know. I am sure I forgot a lot of stuff, I didn't talk about all I had in mind on purpose, it was a lot to write in a single post, so please be kind. Thank you
  2. 37 points

    Down the xRabbit Hole

    Hi fellow zerpers, I've spent the last few weeks writing about my research into xRapid transactions, and my search to confirm one performed by an FI. It's probably shaky at times and possibly a bit drawn out, as I lost motivation a few times for various reasons. But I think there is some decent information in there. https://xrpcommunity.blog/down-the-xrabbit-hole/ P.S I found one.
  3. 36 points
    With another quarter coming to an end it's always interesting to pause and zoom out. Sometimes we focus too much on price action and daily news and forget to look at the bigger picture. This report focuses on doing just that: https://xrpcommunity.blog/q1-2019-report-laying/
  4. 35 points
    A few days ago, I opened a topic regarding the vast positive effects in regards to the FX market and International Logistics. One of the key elements I highlighted was the Letters of Credits issued by banks to help exporters / importers conduct their operations; because of how highly tied the Letter of Credits are with the Correspondent Banking system. As being one of the core of my studies, I always was passionate about International Trade and its organizations (IMF, WTO...). Hence I wanted to give the people another look of the DLT potentials. You can find more details on this here: Today, after researching within the World Trade Organization website, I stumbled on a hefty and interesting document: https://www.wto.org/english/res_e/booksp_e/blockchainrev18_e.pdf If you go to page 21 - 22, (pictures below), you will find the traditional trade finance process, which is extremely cumbersome. Also, you will have an overall distribution of the players within the International Trade as well as the contracts and documents these players use to perform exports / imports. Among those documents there is the Letter of Credit, to which I gave a particular attention a few days ago. The document is a gold mine of information that resonate with Ripple technology and how their employees are marketing their solutions. Here is a couple of quotes: Blockchain can revolutionize international trade towards paperless trade: Blockchain could facilitate national G2G (Government to Government) and certain B2G (Business to Government) border procedures: There are many mentions to Ripple throughout the document, but nothing unknown in that perspective. The bottom line is, the developments provided by DLT far surpass what we commonly think and, in that regard, Ripple' solutions, given its compliance with banks, are a perfect fit to upgrade the International Trade and Logistics as a whole. As I see it, I am definitely convinced DLT, and Ripple, will dramatically enhance International Trade as we know it and alleviate its highly fragmented system. And below you will find 2 other documents, published by the Boston Consulting Group that works closely with the WTO. These documents also emphasize on how International Trade and Logistics need blockchain. Resolving the Blockchain Paradox in Transportation and Logistics https://www.bcg.com/en-be/publications/2019/resolving-blockchain-paradox-transportation-logistics.aspx Pairing Blockchain with IoT to Cut Supply Chain Costs https://www.bcg.com/en-be/publications/2018/pairing-blockchain-with-iot-to-cut-supply-chain-costs.aspx
  5. 33 points
    Just a heads up Our Minister of the Economy and Finance is working very closely with Christine Largarde (IMF) and is VERY BULLISH on digital assets He wants regulation ASAP France is on-board and full stream ahead AND IT IS COMING AT AN INTERNATIONAL LEVEL The Paris Blockchain Week is underway. And I have a very interesting conference by our Minister of the Economy and Finance, Bruno Le Maire, just below. Also, I provided a thorough interview, all the way down, that you can google translate. https://www.blockchainweekparis.com/ "We have all the assets to make France a country at the forefront of the #Blockchain. Discover the Blockchain strategy of France in my interview @MagazineCapital." VIDEO LINK https://www.economie.gouv.fr/paris-blockchain-conference-2019 Start at 3:15:20 Dan Morgan is also in a panel discussion, starting at 00:19:20 Or on Youtube, but you will have to read the transcript below Transcript Word for word Bonus https://www.reuters.com/article/us-france-cryptocurrencies/france-to-ask-eu-partners-to-adopt-its-cryptocurrency-regulation-idUSKCN1RR1Y0 https://www.capital.fr/economie-politique/bruno-le-maire-le-developpement-de-lecosysteme-blockchain-est-une-priorite-pour-le-gouvernement-1335182 Capital is a monthly French economics and business magazine published in Paris. It is a thorough interview, the one he mentioned in his tweet above. You can google translate it, it is very detailed and optimistic. I want to thank you for reading it through. It took me 3h overall to do this post and make it as easy to read as possible. IT IS SO EXCITING!!!
  6. 33 points

    Bob Way Livestream Recap.

    Hey guys! So today's live stream was amazing and couldn't have gone any better, i had the jitters all morning and was super nervous because of technical difficulties and worrying about everything that could have gone wrong with streaming, but it went amazing, only problem was my facecam was laggy but that wasn't a deal breaker, overall went great! I highly recommend re watching the entire livestream because Bob brings SO MUCH INSIGHT to Ripple and XRP. I made a recap video for you guys on the most important things that he said, and i would really love to hear your guys thoughts on the livestream itself and what YOU heard that you think was very significant because i would like to go over it tomorrow on stream and get everyone's thoughts and opinions on the stream
  7. 32 points
    https://bitcoinafrica.io/2019/04/06/south-africa-xago-ripplenet/ Good news. Apparently they're using the XRP ledger and will allow conversions between the Rand and XRP.
  8. 29 points
    So, I said on multiple occasions that the price surge (that happened in a very timely manner, during precise hours, following a pattern each day) was due to a test. Many people said I was wrong, that it was only speculation over the upcoming xRapid release. I tried times and times again to find the press release again, but I had deleted my history. I only remembered a few words "five continuous hours"; "R3"; "US equity markets". After rewatching the IMF Spring Meeting, streamed yesterday, I noticed Christine Lagarde talked about DLT being able to support the daily trading volume of the US equity market. I remembered the phrasing used in October, and that it could be correlated to the September pump to 0.8$. Here is the time where Christine Lagarde mentionned the test: I then searched on Google for The Depository Trust & Clearing Corporation + US Equity Markets, in October 2018 and I found it again. Here is the press release, I saw in October, describing the test. http://www.dtcc.com/news/2018/october/16/dtcc-unveils-groundbreaking-study-on-dlt
  9. 29 points
    https://www.thehindubusinessline.com/companies/announcements/others/federal-bank-ltd-federal-bank-partners-ripple-to-accelerate-cross-border-remittances-intimation-under-regulation-30-pursuant-to-sebi-listing-obligations-and-disclosure-requirements-regulations-2015/article26666101.ece PFD Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/3c7dba46-9890-49f7-85b4-84b0f46c7506.pdf Their website: https://www.federalbank.co.in/
  10. 27 points

    Spotted in my neighborhood...

    I suppose nothing really surprises me anymore, however, I was caught off guard (and surprised) a couple weeks ago by this restaurant a few blocks away from me: I've lived in what's now considered an "up and coming" part of Brooklyn, and had to ask someone at this restaurant about their crypto payments. One of their owners told me they've been accepting XRP for almost 2 years. Kind of shocking for the neighborhood, trust me. And then today, I saw this guy walking in front me wearing this hat: I thought to myself, "This has to be a fluke" (something else "XRP"), so I walked a bit faster in front of him to casually look at the front of his hat, and sure enough it had the new XRP logo. As an aside, I've noticed a huge influx of "low fee money transfer" bus ads within the last 6+ months too... The general public here seems to be aware and are embracing the future of payments, specifically XRP.
  11. 27 points


    They are using Ripple Marcus Treacher , mentions Thailand and the Philippines. The Philippines which is an XRapid corridor : TWitter https://twitter.com/marcus_treacher/status/1114078031755264001?s=21 https://www.xendpay.com/send-money-to-the-philippines-ppc?utm_source=SocialMedia&utm_medium=Twuitter&utm_campaign=Ripple&utm_term=Philippines-Ripple&landing=www.xendpay.com/send-money-to-the-philippines-ppc
  12. 27 points

    High Octane: Developers

    Blog URL: https://xrpcommunity.blog/high-octane-developers/ Developers are the fuel to the fire for XRP; Find out more & all the latest news impacting XRP in today's blog: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple's development blog gets a makeover; Xendpay announces no transfer fees to the Philippines; TCS may have just enabled RippleNet access for a massive number of their customers; Navin Gupta presents to C-level execs at the Mint Digital Innovation Summit; RationalFX re-affirms its partnership with Ripple; and the Interledger Summit wraps up two days of presentations to potential ILP devs. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Stefan Thomas presents at the ILP Summit; and the Puma Browser is released (beta), supporting Coil on iOS devices. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Nik Bougalis publishes a blog detailing the ongoing steps the Ripple C++ team is taking to work with 3rd party devs to review code and security; The Cryptoe Man publishes his latest electronic artwork via Twitter; and both Thomas Silkjær and Tiffany Hayden pen separate blog about scammers and secret keys, respectively. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  13. 26 points
    Yeah, I'm sure a some people wish I wouldn't have mentioned it. But, I talked a little about why I did mentioned it in this thread. I'm going to copy my response here because it seems better in this thread than in General. --- The primary reason for talking about "my mechanism" is to convince everyone that "at least one mechanism exists" that could drive XRP into its prime position as a bridge currency. Now lots of people in the cryptocurrency space presume that is true. They also presume that their favorite cryptocurrency is going to become a bridge just because it is awesome and had (X special feature) that other currencies don't have. But people that study the economics of the ecosystem are rightfully skeptical that ANY cryptocurrency could actually become a de facto bridge currency. If you try to write down the sequence of steps needed for that to happen, there are almost always significant logical or conceptual gaps in most cryptocurrency fan theories. So what I set out to determine was, "Is there really a plausible path to make that happen?" And also, "What are the necessary requirements and 'forces' needed to actually make that happen." That is what I documented inside the company. That was also what we patented and I assigned to Ripple. (I've discussed this elsewhere on this site so I won't rehash the back story.) The company has hinted at these techniques, but has not detailed any particular strategy that they will employ. (At least based on what I've read in their press releases and public statements.) I think I've discovered "the last algorithm" that RippleNet needs to drive XRP into the bridge currency position. And also to maintain it there in perpetuity. But that algorithm won't necessarily be the first one employed to help XRP along on that path. There are other ad-hoc ways that might be simpler to implement and more effective for the initial corridors that companies want to deploy. Now keep in mind, saying "I discovered the last algorithm" isn't very humble. Also note that once you find "a way" of doing something thought impossible, it becomes much, much easier to find a second even better way. That was the lesson of bitcoin's consensus algorithm. No one could find a good consensus algorithm because no one thought it could be done. So no one thought they should bother looking. Once the bitcoin algorithm was found, then boom! The ripple algorithm, a re-emergence of other known 'academic' algorithms, proof of stake, proof of space... Expect the innovation to continue. So, there is no guarantee that Ripple will ever deploy my exact algorithm. They may have even better ideas in mind. Ones that I'm not privy to. But what I do know for sure, is that most of the other cryptocurrency teams don't have the resources they need to drive their currency into the bridge position. Nor do they even understand the economics of the ecosystem well enough to know why that is true. --- I am 100% certain you will hear skeptics contend that, "XRP will never become a bridge currency, because...". They will reference math you don't understand and they will sound very convincing. Some will also try and convince you that the same is true for ALL cryptocurrencies and that XRP is no different. I just thought the people here in this forum deserved enough information to know better. It is you that are going to be needed with the firehose when these flame wars crop up. And yes, eventually other teams will realize that same issues Ripple realized four years ago. But I don't need to make a huge effort to speed them along in their understanding. So talking about it was a trade off. But I hope a trade off that was helpful to those on this site.
  14. 25 points

    Teamwork Will Raise XRP Up

    Blog URL: https://xrpcommunity.blog/teamwork-will-raise-xrp-up/ Teamwork is crucial for helping us raise XRP's profile to new heights! I describe why & cover all the latest news in today's blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: China's National Development and Reform Commission (NDRC) lists crypto mining as an activity it recommends be phased out; and Warren Davidson reintroduces the Token Taxonomy Act. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: A huge donation is made to San Francisco State University; xRapid wins an award; Bitstamp is awarded a New York State BitLicense while Bittrex is declined; and the community continues to track xRapid volumes. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: A new web monetization-enabled video conferencing service is highlighted by Coil. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind adds a new feature to the XRP Tip Bot; XRPL Labs asks for volunteer beta testers; and David Oliver's proposal to Skype garners just over 2,000 votes thus far. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  15. 25 points

    Answer: About the patent, Let's talk

    This is a very good way of thinking about it. The analogy isn't perfect but first two sentences are spot on. Most people are familiar with speculators, but not really familiar with market makers. If you ask a speculator what will drive up the market price, they'll often tell you, "More people who want to buy and hold XRP long term." It is because increasing buying volume without increasing selling volume exhausted the lowest price offers first, then must take higher and higher offers to satisfy demand. But market makers don't seem like long term HODLers to most speculators. This is because XRP market makers are constantly buying and selling XRP at the same time. So what could seem less HODL than having continuous sequence of SELL order in the market at all time? But it turns out that only half understands the situation. In order to place a SELL order in the market, you must first be HODLing the XRP you're wanting to sell. And if you want to keep sell orders in the market continuously, forever, you must also be HODLing XRP continually, forever. So market makers continuously BUY back whatever XRP they sell, as soon as possible. This gives them the XRP inventory they need to sell again on the next payment. So you can visualize an XRP/USD market maker who deploys half of their capital in XRP and the other half in USD. Then they work to continually keep that value balance equal. Of course they also work to keep their total investment continually growing as well. A MM's investment growth comes from "transaction fees" paid by the senders of a payment that ripples through XRP as a bridge. It really isn't an explicit "fee". It is the difference between the market spread prices (highest bid vs lowest offer). In effect, a MM is always selling XRP for a price slightly higher than the price they buy the XRP back for. When doing this, the MM's profit scales with payment volume rather than with XRP price change. So if a MM is profitable trading against back and forth payments on a given corridor (XRP/USD) they want to keep trading that corridor, forever. And to do that, then need to keep HODLing XRP forever. So how can you increase the price of XRP? Well, of course, attract more market makers to the corridor and system. They can't trade a corridor until AFTER they purchase their stake of XRP. And once they have purchased that XRP and are profitably making the market, they are in effect long term HODLers. Note, a MM's profit does not scale with their investment. It scales with increasing payment volume through their investment. So doubling payment volume can support twice as many MM at the same ROI. Of course this requires cumulatively doubling the MM's XRP stake as well. All utility comes for satisfying the NEED of someone to send a payment. It is this NEED that encourages them to pay slightly higher fees (Market Order) than those who merely WANT to make a payment but have more time to wait (Limit Order). But of course the whole strategy is worthless, if the XRP bridge currency path costs more end-to-end than alternative pathways. If we presume payment routing algorithms always take the lowest cost path (for Alice), then end-to-end cost becomes the switch that determines if the direct fiat/fiat market makers turn a profit, or if the fiat/XRP bridge market makers turn a profit.
  16. 25 points

    Answer: About the patent, Let's talk

    You know I really don’t want to comment either positively or negatively on this. But maybe what is worth doing is setting the whole thing up on Ripple’s test net later this week. It would probably take a couple hours to set it up. Then everyone could choose a role in the ecosystem and see how it works. 6 fiat “stable” coins 6 banks 12 fiat/XRP market makers (1 each direction for clarity) 15 direct markets (for rebalancing) as many customers as Y’all want to create Yes, maybe 3 hours tops. Then weeks of fun for everyone.
  17. 24 points
    Great first post! Welcome to the forum! Stunning that you needed to edit and revise that complicated thought. Ironic actually.
  18. 24 points
  19. 24 points
    World Bank Blog mentions Ripple’s xRapid for its Quick Funds Transfer Feature https://blogs.worldbank.org/psd/paying-across-borders-can-distributed-ledgers-bring-us-closer-together Below ClickBait reporting by zycrypto "World Bank gives Approval for use of Ripple’s xRapid for its Quick Funds Transfer Feature" https://zycrypto.com/world-bank-gives-approval-for-use-of-ripples-xrapid-for-its-quick-funds-transfer-feature/
  20. 24 points

    What y'all think

    I will buy all of your XRP for one penny above market price if you delete your account.
  21. 24 points
  22. 23 points

    We Are The Leaders We Need

    Blog URL: https://xrpcommunity.blog/we-are-the-leaders-we-need/ The Token Taxonomy Act is about to be re-introduced! Find out how you can help & keep up to date on the latest XRP news in today's blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: The Token Taxonomy Act will be reintroduced next week; Find out how you can support it with a few minutes of effort. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The next AMA with David Schwartz is scheduled for Monday, April 1st; The 11th episode of the Ripple Drop covers fine-grained corporate strategy, philanthropy, and recent marketing activities; and Federal Bank becomes the latest noteworthy banking customer to join RippleNet. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Tristan van de Kamp shows a video of the XRPay application prototype via Twitter; Alex Cobb hosts a phenomenal Q&A Session with Bob Way; and XRP is added to two new exchanges, one in Estonia, and one based in the US. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  23. 23 points
    Translating Bob's patent (Bob, I hope this is okay.) For those who aren't familiar with patent structure, all patents have a series of "claims" that describe the scope of what the patent is supposed to protect. If someone tries to sell a product that is described by one of those claims, they are infringing on the patent. Claims are either "independent," which means they stand alone, or "dependent," which means they reference some earlier claim (i.e. "A bicycle pedal that cooks pasta" would be independent, "A bicycle pedal of claim 1 that stops cooking when the pasta is al dente" would be dependent). In my own reading, the crucial claims in Bob's patent are Claim 6 and its dependents, which I quote here: As Bob said, there are a fair number of terms here that can be substituted for more familiar ones. Here are the substitutions I suggest to get us started. Note, I'll be doing this for claims 6-13, but the same could be done for the whole patent. I just think this is enough to get us a basic understanding. a plurality of = some the plurality of = the selected resource paths = fiat pairs a resource transfer network = the forex market intermediate resource type = XRP (in some cases "XRP-equivalent") repository resource pool / reservoir resource quantity = XRP liquidity pool front/back resource type = currency A/B resource pool (without "repository" preceding) = XRP-fiat pair Here is the language after making those substitutions (and minor part of speech updates): The key pieces of the invention seem to be 1) determining the size of the XRP liquidity pool and 2) determining how much of the pool to allocate to a given currency pairing.
  24. 23 points
    I don't envision a scenario where I would sell the position I'm holding. For one thing it's held 30 cents way better than a whole raft of naysayers said it would, and it'll probably keep holding 30 cents as a firm bottom........unless BTC takes one last capitulation down leg, which will pull down the whole cryptosphere......but if that happens I'd view it as an opportune moment to ADD some coins, not sell out. The overwhelming likelihood is that if that happened it would be a short, brutal drop that takes BTC down to 3000......or maybe down to the next support at 2200. And then the market will start a new cycle. Markets are cyclical. There is no evidence that XRP will go to zero. Not the slightest reason to think anything like that. What you might not know is that these constant FUD hit pieces are written by people who have websites that advertise that they'll say anything you want them to say......for a price. Here's a strategy that works, Buy when assets are selling at ten cents on the dollar, which is to say now. You buy them. The next time the market seems to be going bonkers and prices are way up, consider taking some profits. Most people do the exact opposite, which is why a fair number of hodlrs are underwater at the moment. We are in a buyers market. It's impossible to catch the perfect bottom. We're close enough. I've been accumulating XRP and a handful of others since early November. The market hasn't done anything at all that worries me........and it might be some time before we really have great gains, but you don't get those gains by selling when the market is at a point of capitulation. People get worried because they buy too much...more than they should buy, based on their personal finances. And then they get all worried when their beloved asset doesn't make them rich in 3-6 months. It isn't that easy, unfortunately. You need to use common sense, risk what you can afford to risk and wait for the market to heat back up, which it will. I don't know the exact timing, but I do see the evidence that it will happen sooner or later. There are sometimes (but not often) good reasons to sell an asset when it's down. What would be a good example? Like..Right now BTC is number one and it's a decent bet at these prices, and its a real good bet if it drops to 2200. But if BTC suffers a 51% attack because its too centralized because all the miners are in 3 consortia all existing at the whim of the Chinese communist party? Then it might fall a whole lot further than 2200, and it might not come back. And/or when some other crypto ( a fast, scalable, decentralized one like XRP) takes over as the cash of the internet? BTC might just slowly fade away. But you can't necessarily count on getting out with anything if something like that happens....so how do you manage your risk? You hedge somehow. You don't put all your eggs in one basket. Even if its a lovely basket. You keep a reasonable limit on your position size. In my opinion, someone who has no savings at all and no way to even pay an unexpected repair bill on their car probably shouldn't be putting half their paycheck into XRP or any other crypto. But people do things like that. And then they're eaten up with anxiety, and they're hard pressed not to sell when they see the market moving in the other direction than what they were hoping. And they become obsessed with each daily price move that in five years will be so tiny they don't show on the chart. I don't mean to preach.....just maybe teach, if you're willing to listen.
  25. 22 points
    Ripple XRP Expansion Will Be Hard To Stop Now That World Bank, IMF, EU Commission Are Involved We know Ripple/XRP are gaining traction when they get articles like this in news feeds called InvestinBlockchain.com https://www.investinblockchain.com/ripple-xrp-expansion-will-be-hard-stop-world-bank-imf-eu-commission/ I agree with the basic tenet of the article that Ripple XRP momentum is reaching critical mass and given the lack of rivals is unstoppable
  26. 22 points
  27. 21 points
    Thomas Tan Kok Kiong (CIMB Bank) and Siam Commercial Bank at Ripple Regionals: APAC 2019 we have come across CIMB before Paul (Thanaarmates) Arriyavat of Siam Commercial Bank at Ripple Regionals: APAC 2019
  28. 21 points
    https://www.xrpchat.com/topic/25496-assuming-xrp-are-declared-a-security-whats-ripples-plan-b/ https://www.xrpchat.com/topic/30742-ripple-cto-david-schwartz-explains-why-xrp-isn’t-a-security https://www.xrpchat.com/topic/29737-if-xrp-were-decided-to-be-a-security-could-it-be-tokenize https://www.xrpchat.com/topic/29297-us-regulatory-outlook-when-an-ico-is-a-security-but-not-a-security/ https://www.xrpchat.com/topic/29845-xrp-deemed-not-a-security-in-europe https://www.xrpchat.com/topic/29818-greenspan-xrp-not-a-security-but-community-still-too-aggressive https://www.xrpchat.com/topic/29167-is-ripple-a-security-—-sec-chairman-lays-it-out-at-consensus https://www.xrpchat.com/topic/29365-if-xrp-was-a-security-good-outcome https://www.xrpchat.com/topic/29317-surely-r3s-explicit-use-of-the-xrp-ledger-with-corda-settler-means-xrp-can-no-longer-be-deemed-a-security-of-ripple/ https://www.xrpchat.com/topic/28998-craig-wright-goes-after-xrp-xrp-is-a-security/ https://www.xrpchat.com/topic/28647-nweaver-berkeley-and-icsi-nroubini-stern-school-of-business-say-xrp-is-a-security-and-ripple-is-committing-fraud https://www.xrpchat.com/topic/29044-sec-response-to-foia-request-regarding-security-status/ https://www.xrpchat.com/topic/28382-sec-expected-to-rule-that-ripple-xrp-is-not-a-security/ https://www.xrpchat.com/topic/26654-sec-decision-xrp-security-any-news/ https://www.xrpchat.com/topic/25130-another-security-lawsuit-xrp-is-not-a-security-if-any-doubt-read-this/ https://www.xrpchat.com/topic/24570-is-xrp-a-security-or-not-lets-find-the-answer https://www.xrpchat.com/topic/26941-brad-garlinghouse-is-xrp-security-of-coinbase-or-ripple/ https://www.xrpchat.com/topic/26552-ripple-ceo-on-xrapid-launch-institution-solutions-bakkt-being-a-big-deal-xrp-is-not-a-security/ https://www.xrpchat.com/topic/24329-is-ripple-able-to-claim-xrp-is-not-a-security-due-to-a-loophole/ https://www.xrpchat.com/topic/24734-why-xrp-is-not-a-security https://www.xrpchat.com/topic/25875-surely-now-that-xrp-is-used-as-a-base-currency-it-cant-be-considered-a-security https://www.xrpchat.com/topic/25902-xrp-not-a-security-in-philippines-icos-becoming-lega https://www.xrpchat.com/topic/24646-lets-say-xrp-is-deemed-a-security-what-happens-next https://www.xrpchat.com/topic/25974-if-the-sec-announced-xrp-will-be-treated-as-a-security-would-you-panic-sell https://www.xrpchat.com/topic/24688-sec-cannot-say-xrp-is-not-a-security-not-yet https://www.xrpchat.com/topic/25589-probability-sec-classifies-xrp-as-a-security The list goes on.. https://www.xrpchat.com/search/?&q=what if security&page=3&search_and_or=or&search_in=titles&sortby=relevancy
  29. 21 points

    The Next Frontier: Monetization

    Blog URL: https://xrpcommunity.blog/the-next-frontier-monetization/ Content monetization for artists, authors, musicians and other creatives is the next frontier for digital assets! Also covered are the major XRP news items - all in today's blog: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Mercury FX's CEO provides forward-looking insight into their use of xRapid; Brad Garlinghouse is interviewed by Jill Malandrino, a Nasdaq reporter, as part of the DC Blockchain Summit; and David Schwartz pens a new blog about "what blockchains are good for." 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: I detail how Coil will power the new trend of content monetization, and point to their recently-added documentation for those looking to monetize sites and channels. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind creates a Community Fund Suggestion Board for purposes of documenting ideas for enabling XRP payment scripts, plugins, and extensions via the bounty reward system; An XRP Community member suggests that Skype integrate XRP tipping; I profile two XRP swag stores; Digitec-Galaxus, an online retailer, now accepts XRP as payment; and four new exchanges add support for XRP; I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  30. 20 points

    Chat: General

    I think Polysign is really big for the XRP Ledger and ILP RippleNet components as well. I'm not sure what features they've implemented for working with other coins or contract code. It is important to understand that banks, exchanges and "gateways" (Ripple Fox, Gatehub, Bitstamp, RippleChina, etc) are all trusted with other people's money. Keeping that money safe requires scrupulous security practices related to XRP Ledger secrets and ILP transaction signing keys. Institutions like these need to protect those keys and secrets from both outside attackers and INSIDE threats as well. They also need to provide for system continuity if one of the key human operators dies or becomes malicious. A key technology for managing these threats is the XRP Ledger's 'multi-sign' feature. However, the same concepts apply to ILP components as well. But 'multi-sign' just means you have even more keys to protect from threats. Just by looking at their naming "poly" = "many", so it seems reasonable to say that PolySign is an institutional solution for managing multi-sign keys, and likely also for authorizing and signing a high volume of XRP Ledger and ILP based transactions. Once you've convinced banks and other institution that using the XRP Ledger is a good idea, then eventually the technical people from those firms start to ask "how" and for "best practices". It seems to me, PolySign has created a system that implements those best practices.
  31. 20 points
    Blog URL: https://xrpcommunity.blog/celebrate-the-speculation-and-look-to-utility/ I cover the latest news relating to XRP in today's blog, along with why I believe hodlers can celebrate both speculation & utility! 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: The SEC posts an open position for a "Crypto Specialist." 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The International Association for Trusted Blockchain Applications is founded by Ripple and over one hundred other blockchain companies to work with leaders in Europe; and on Monday, April 1st, David Schwartz, Ripple's Chief Technology Officer, held an "Ask Me Anything" (AMA) session on the Quora platform. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Have you ever wondered if it's possible to guess somebody else's secret key? I've got the answer for you; Bithomp publishes a downloadable tool to facilitate the creation of an escrow; MoneyMessage capabilities are extended to Gmail users; Leonidas Hadjiloizou authors a community-based XRP report for the first quarter of 2019, comprehensively detailing progress and statistics; and Coinbase adds a free value transfer capability for its customers, using XRP and Circle's USDC as a transfer currency. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  32. 20 points
    Starts @1:13:25
  33. 19 points
    https://xrparcade.com/news/tcss-quartz-enables-banks-payments-systems-to-connect-to-dlt-based-payment-infrastructures-like-ripplenet/ https://www.tcs.com/
  34. 19 points
    After reading @BobWay's post about the meeting with people from SWIFT back in 2014 and how that lead to SWIFT creating the GPI, i accidentally found this (which is from January 2019) and i LOLed so hard.... : https://www.bellin.com/blog/swift-gpi-transparent-cross-border-payments/
  35. 19 points
    Softbank CEO Son masayoshi headhunted Mr Kitao in 1995 from Nomura Securities Co., Ltd., the largest securities company in Japan. Son masayoshi: https://www.forbes.com/profile/masayoshi-son/ Softbank raised funds from the capital market at direction of Mr. Kitao, and expanded M & A (merger and absorption) at home and abroad. He raised ¥480 billion as Softbank's CFO. Softbank invested in Yahoo and Alibaba with that fund. Softbank now has Yahoo Japan and was the largest shareholder of Alibaba. Softbank Group is currently the second largest market capitalization company in Japan. Mr Kitao created an opportunity for Softbank and Yahoo Japan and Alibaba's breakthrough. He is not a pumper dumper. SBI was originally SoftBank Investment company. He has listed more than 10 companies In Japanese stock market.He has amazing foresight.
  36. 18 points

    It’s right in front of us

    So last month March 14th I took an image shot of all the exchanges holding XRP which was around 10.7 billion and today less than a month it is 11.6 billion. So if this keeps up at 1 billion a month being added to the exchanges by year end it will be dec 14th 2019 - 19.6 billion XRP dec 14th 2020. - 43.6 Billon XRP dec 14th 2022- 55.6 billion XRP dec 14th 2023 - 67.6 billion XRP Im not sure if the exchanges are building up on the Xrp in circulation or if they are buying from the escrow ? here is the link I suggest taking a screen shot beginning of the month and checking a month later https://xrptracker.kka72.com/#
  37. 18 points

    Santander Pago FX

    “....the company announced it will soon launch a new standalone version of the platform called Pago FX. The new app is for the unbanked, and will allow anyone to send money around the world in an instant, even if they’re not a customer at Santander.” https://dailyhodl.com/2019/04/03/banking-giant-santander-reveals-major-expansion-of-ripple-powered-payments-app-after-clearing-up-xrp-confusion/
  38. 18 points
    http://galgitron.net/Post/How-China-Can-Kill-Bitcoin @galgitron
  39. 18 points
  40. 17 points
    CAPITAL MARKET DEVELOPMENT AND THE FINTECH REVOLUTION: OPPORTUNITIES AND CHALLENGES April 11, 2019 | 13:00 to 14:30 ET, 17:00 to 18:30 GMT Atrium, World Bank Group Headquarters, Washington DC A flagship event of the 2019 Spring Meetings on Thursday, April 11 brought together a panel of fintech experts for a lively conversation on the wide-ranging opportunities and challenges of technological innovation in the capital markets, along with important legal, regulatory and competitive considerations. Overall it was a very interesting video to watch. The moderator was very professional and provided to a very pleasant discussion with the panelists. There is no strict mention of Ripple or XRP, but some parts of the video pricked up my ears. I will give a timeline for each speakers and provide a very succinct summary of each speaker's intervention. At the end of the panel, there is a Q/A. 00:00:00 - Introduction from the World Bank Managing Director and Chief Administrative Officer. 00:07:21 - Presentation of all the panelists by the moderator. 00:09:00 - Question to R3 00:14:08 - Question to the Bank of Canada 00:17:48 - Question to the OECD 00:26:45 - Question to the Milken Institute 00:39:32 - Question to R3 00:46:18 - Question to the Bank of Canada 00:51:52 - Question to the OECD 00:57:39 - Question to the Milken Institute 01:01:45 - Question to all and R3's answer 01:05:54 - Milken Institute's answer 01:07:10 - OECD's answer 01:08:30 - Bank of Canada's answer 01:10:30 - Questions 01:15:35 - Bank of Canada answer to privacy question 01:18:10 - OCDE answer to ICO's question 01:21:45 - Milken Institute's answer to M-Pesa vs Blockchain question 01:25:34 - R3's answer on energy issue and R3 Corda Settler advantages over PoW protocol
  41. 17 points
    Found by Crpto Eri - 136 page presentation about how Standard Charter ASEAN Economic Outlook Growth and how they expect to integrate Ripplenet and GPI into their payments/settlements systems of the future. ASEAN Economic Outlook Growth in the fast :https://www.sc.com/global/av/id-asean-bankers-conference.pdf
  42. 17 points

    100k stuck since 2018

    After almost 1 year and 4 months on this forum, and being invested in crypto, I can't help but think how useless it has been. 100k has been stuck in this space doing basically nothing, but slowly decreasing in value over time. I would lie if I said I wasn't expecting atleast minimal .50C profit on top of my 100k investment which would grand me around 89k profit. But instead it has been the opposite. I feel fcking stupid to have done this it's just such a missed potential for that amount of money. A guy I know has been tapping electricity and mining BTC for free, at the time I invested in XRP he said to me invest with me to buy the mining rig and let's do it together. Last time I saw him he was driving in a Mercedes AMG and I'm stuck here watching a chicken post a dancing starfish, while my investment is reduced to half. Atleast we have a badge of honour topic to remind us how fcking patient we are! Atleast we have that. Yippy ki yayyyyyyy MO Fckers. (This the salty version of badge of honour, to remind us we are still here)
  43. 17 points
    Blog URL: https://xrpcommunity.blog/reaching-out-to-those-abandoned-by-traditional-banking/ Billions of adults are considered un-banked. I discuss ILP's role in solving this problem & cover the latest XRP news in today's blog: 𝗪𝗵𝗼 𝘁𝗼 𝗙𝗼𝗹𝗹𝗼𝘄: To keep up to date on how fintech innovations are connecting the un-banked, I recommend following Chris Larsen and Mojaloop. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Modern Consensus interviews Forte's Kent Wakeford, the former COO of Kabam, about the new collaboration with Ripple. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind publishes a handy tool for composing multi-sign transactions; @baltazar223's Weekend Project inspires donations to the XRP Community Fund; @SchlaubiD makes a program available for download that enables sending XRP through MS Outlook; Bithomp adds a form to enable users to report suspicious or known scam/fraud XRP wallet information; DigitalNomadInvestor offers new XRP designs available for sale through his swag store; Two new exchanges indicate they will list XRP; and the "XRP Torch" was just passed from the US to Japan! I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  44. 17 points

    Final Leg Down

    "final shakeout #239874"
  45. 17 points
    OK, everyone should click that link and notice a few things. Vitalik owns BTC on the XRP Ledger. Actually quite a bit. More than $32,000 worth. He also has an account for CHF (Swiss Francs) on the ledger as well. Vitalik OWES someone else 0.04117 BTC on the XRP Ledger as well. (roughly $160) That person can settle up with Vitalik at any time, by simply spending BTC from Vitalik's account at SnapSwap. That person doesn't need to ask Vitalik permission to do so. Vitalik's permission is already reflected on the XRP Ledger. The points 3-5 are what the term "social credit" means.
  46. 16 points

    XRP: Endgame

    In the end, this is what unites us. The vision of moving value as easy and fast as snapping our fingers. This is my new blog post! https://xrpcommunity.blog/xrp-endgame/
  47. 16 points
    This was a pretty detailed post by Genesis about their lending practices and they provide a bit of detail about how the price of XRP affects demand for borrowing. Also, surprise! XRP is their second most in-demand asset for borrowing, outpacing ETH even. https://genesiscap.co/q4-insights/
  48. 16 points

    XRP | Is Cobalt live? Is this it?

    No... Apparently this isn't clear to many people, but Cobalt will not just go live silently. It changes how consensus works, so it will require an amendment to be passed. Thus it will be publicly announced *before* going live so that validators can vote whether or not to accept it.
  49. 16 points
    Stay tuned. I'm trying to retool from non-stop question answering to more of a teaching and learning format. I'm going to start bouncing ideas here, probably tomorrow. I really want to work out how to do some hands on projects (like GDW) with the community. However, I work best in an interactive format when doing that. As opposed to just typing a bunch of text into posts. But I do have resources that I can connect you with. I know a guy who has been working on NFC passes. Turns our @APR on twitter is a good friend of mine. He wrote the open source credit card processing stack (jPOS) that is used in a huge number of your daily card transactions. Another friend and I built the first debit card integration with the card networks. We had our own debit cards that could spend anything in our Ripple wallet at any store around. I mostly bought cheeseburgers. That's why I'm currently on a diet. Coil is of course working on ILP. I just happen to know them as well.
  50. 16 points

    Isn’t this huge news??

    Niche, very niche. The average shopper will not use XRP, they will use FIAT, with the debit / credit card. They aren't going to sign up to an exchange, get a wallet, get some XRP and then use that to pay for something. Those people who already own XRP are hodling, or day trading. They aren't going to use it on a store purchase. I don't see any crypto being used for day to day payments by Joe Bloggs for a long time to come yet, there simply is no reason to. Now, on the other hand, if this XRP integration allows the store owner to choose to receive XRP from a FIAT payment (via ILP) then yes, I could see more benefits. Don't get me wrong, it's a great achievement, but all these consumer-led payment options are way ahead of their time. Bear in mind most people haven't heard of anything apart Bitcoin, and most view that with suspicion.
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